Question

A fixed percentage of covered charges paid by the insured person after a deductible has been met. "a fixed percentage of covered charges paid" by the insured person after a deductible has been met. copayment deductible coinsurance locum tenens

Answer 1

Coinsurance is the percentage of covered healthcare costs an insured person pays after their deductible has been met. Unlike a copayment, which is a fixed fee, coinsurance is an ongoing cost-sharing arrangement.

Step-by-step explanation:

The concept being described is coinsurance, which is a common feature in many health insurance policies. After an insured person has met their deductible, coinsurance is the percentage of covered medical expenses that the policyholder is responsible for paying. While a deductible is the initial amount the insured must pay out-of-pocket before the insurance kicks in, and a copayment is a fixed fee for a particular service or prescription, coinsurance continues as an ongoing cost-sharing arrangement until any out-of-pocket maximum is reached.

Answer 2

A fixed percentage of covered charges paid by the insured person after a deductible has been met is known as coinsurance. Option C is answer.

Step-by-step explanation:

Coinsurance is a cost-sharing arrangement in health insurance where the insured person pays a fixed percentage of covered healthcare charges after meeting the deductible. The deductible is an initial out-of-pocket amount that the insured must pay before the insurance coverage kicks in. Once the deductible is met, coinsurance comes into play. For example, if the coinsurance is 20%, the insured person pays 20% of covered charges, and the insurance covers the remaining 80%.

Options like copayment involve a fixed fee per service, while coinsurance involves a percentage of the covered charges. Deductible is the initial amount paid by the insured before insurance coverage starts, and "locum tenens" refers to temporary medical professionals.

Option C (Coinsurance) is the answer.